Economy · Full coverage
IBI Investment House's Tech Sector Profits Surge Fivefold in Q2
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Unrated 2
First reported by Globes · 7 hours ago
What happened
IBI Investment House's tech sector profits jumped nearly fivefold in Q2, driven by Capital Group's strong performance and growth in its trading platform. Despite a decline in its pension agency profits, IBI's overall quarterly profit rose 69% to 95 million shekels. The company aims to expand its client base to 150,000 by 2028.
- 01IBI's tech sector profits rose nearly fivefold to 61.5 million shekels in Q2.
- 02Capital Group doubled revenues to 131 million shekels compared to last year.
- 03Trading platform revenues increased 25%, profits up 147% to 47 million shekels.
- 04Pension agency profits fell 40% to 13.5 million shekels, causing stock to drop 2%.
- 05IBI's total Q2 profit grew 69% to 95 million shekels year-over-year.
- 06Company targets 150,000 clients by Q2 2028, currently at 90,000.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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